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Japanese Insurers Plan More Domestic Bond Buying This Year
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Story summary
- Japanese life insurers will maintain or increase domestic bond purchases in fiscal year's second half.
- Japan Post Insurance plans to increase purchases of yen-denominated bonds.
- Meiji Yasuda Life Insurance will keep government bond holdings unchanged while shifting to higher-yielding securities.
- Insurers have been net buyers of super-long Japanese Government Bonds for four months, according to Japan Securities Dealers Association data.
- Strategists say insurer demand could anchor upcoming government debt auctions.